+1-415-670-9189
info@expertsmind.com
Economics assignment
Course:- Business Economics
Length: 13
Reference No.:- EM13158




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Business Economics

The document contains following crucial Questions and their elaborated comprehensive answers:-

1.      A. How do merit goods differ from public goods? Illustrate your answer with appropriate examples.

B. Which of the following have the property of non-rivalry?

1.      A can of drink

2.      public transport

3.      a commercial radio broadcast

4.      The sight of flowers in Public Park.

2.      How will you define economies of scale?

3.      What is meant by diseconomies of scale?

4.      Why are the firms likely to experience economies of scale up to a certain size and then diseconomies of scale after some point beyond that?

5.      Explain the following concept with examples:

  • Variable Cost
  • Fixed Cost

6.      In the long run all the costs are variable. Explain?

7.      With the help of appropriate examples , define the following terms :

?   Black Economy

?   Money Laundering

8.      Using examples explain the terms 'consumer surplus' and 'producer surplus'?

9.      With the help of diagrams, explain the factors that can influence the level of demand and supply for a product. Discuss the concept and significance of cetrius paribus when analyzing these factors. Illustrate your answer with suitable examples.

At the end of the assignment also given the references which are very crucial to be studied




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Write about what factors cause "changes in demand" or "changes in supply" -- anything that is not the price of the good or service. Then, post ONE example of how the weather,
Janie deposits $10,000 in the bank today. Starting 3 years from now, she makes equal withdrawals of $1,00 for 5 years and then withdraws the remaining amount 10 years from now
Suppose that your firm's marginal cost of producing a pencil is 5 cents and the average cost of producing a pencil is 3 cents. If your firm is interested in minimizing average
Discuss the ethical dilemma faced by employers trying to provide internet access for employees to do their work while trying to avoid cyber slackers and cyber loafers in 150 w
Explain how the Internet and the Web make e-commerce possible. Briefly discuss at least six features or services that support e-commerce. What are Web transaction logs, and
Summarize the issue from the article. Identify the problem discussed in the article. Explain why this is the underlying problem. Relate the research to the problem. Explain ho
What do they perdict will happen to labor market participation rates in the comming years? What impact are these events expected to have on the economy's potential GDP and why
Assume that the low-calorie frozen, microwavable food company from Assignments 1 and 2 wants to expand and has to make some long-term capital budgeting decisions. The company